GAIL Reports Significant Drop in Quarterly Profits

NEW DELHI: In a recent financial disclosure, GAIL announced a sharp 30% decline in its net profit for the first quarter, attributing the downturn to increased losses in its petrochemical division and reduced margins in gas marketing.

The company's net profit stood at Rs 1,886 crore for April-June, a significant drop from Rs 2,724 crore recorded in the same period the previous year.

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